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Sego Resources Inc.: Gold Zone Field Program Planned in Preparation for Drilling, Granby Zone Extended 80 Metres by Drilling, Diamond Drill Hole 45 Indicates Nearby Mineralized Intrusion
Vancouver, British Columbia--(Newsfile Corp. - August 26, 2020) - Sego Resources Inc. (TSXV: S...
About this update from Sego Resources Inc.
[{"type":"text","content":"Sego Resources Inc.: Gold Zone Field Program Planned in Preparation for Drilling, Granby Zone Extended 80 Metres by Drilling, Diamond Drill Hole 45 Indicates Nearby Mineralized IntrusionVancouver, British Columbia--(Newsfile Corp. - August 26, 2020) - Sego Resources Inc. (TSXV: SGZ) (\"Sego\" or \"the Company\") reports that four diamond drill holes that total 1213 m were completed in June and July, testing targets in the Granby-Cuba area (diamond drill hole MM-20-42), Empress Zone (43 - 44), and the Upper Regal (45). Assay results were received in August.Diamond Drill HoleFrom (m)To (m)Interval (m)Cu (%)Au (gpt)MM-20-4297.10117.9820.880.150.043including111.10116.545.440.220.083and134.30158.8124.510.150.205including148.90154.305.400.260.341MM-20-43No significant valuesMM-20-44No significant valuesMM-20-4558.1665.717.550.160.054and78.3381.182.850.400.421 Hole 42, collared in the Granby-Cuba areas intersected variable microdiorite, volcaniclastics, and lesser monzonite to penetrate a major fault zone at 438 m (meters) where it encountered unmineralized steeply dipping hematitic volcaniclastics to the end of the hole at 664 m. Assay results indicate two intervals, one of 20.88 m and the other of 24.51 m in hole 42 that average 0.15% Cu and between 0.043 to 0.205 gpt (grams per tonne) Au (gold). These intervals are likely related to the Granby mineralized system located 80 m to the east and are associated with fine-grained disseminated chalcopyrite, chlorite and K-feldspar alteration. The anticipated Cuba mineralization was not intersected in the deeper portion of the drill hole and post-mineral faults have offset the mineralization, from the north, of uncertain distance. Structural history of Miner Mountain is complex and further interpretation of the recent drill results are required to facilitate future deep drilling. Hole 45 was drilled below percussion drill hole 109 which intersected 0.33% Cu and 0.16 g/t Au over 26 m in the Upper Regal zone. Results of 0.16% and 0.40% Cu and 0.054 and 0.421 g/t Au were recorded in hole 45 over two intervals of 7.55 and 2.85 m, respectively. The higher grade values are associated with fault breccia fragments of mineralized monzonite in the lower intersection indicating a nearby mineralized intrusion. Future drilling of this target is planned.Holes 43 (ended at ~310 m) and 44 (91 m) were t...